BMW will offer 12 full-electric vehicles by 2025, including a low-slung sedan to be unveiled at the Frankfurt auto show next week, as the automaker accelerates the rollout of battery-powered vehicles. CEO Harald Krueger said the EVs will have a range of up to 700 kilometres.
Pfaff Automotive Partners has acquired two suburban Toronto dealerships, bringing the group's portfolio to 14.
Magna Steyr may build a new plant in Europe as its Austrian factory runs out of capacity, Guenther Apfalter, the head of its European business, said. The contract manufacturer will begin output of the BMW 5 series and Jaguar I-Pace next year.